or at least not subtracting
away.
in europe you've seen it to an
extreme.
they can't stimulate their
economies easily with their
federal bank.
they're a bunch of countries.
it's not centralized.
they're not dealing with it on a
fiscal basis.
you actually have actual
depressions in parts of europe
instead of just, you know, the
slow uneven recovery that we've
had to experience.
we're much better off.
that said, we could be much,
much better off.
we could be to escape velocity
now where the unemployment rate
is plummeting instead of edging
down each month by a tenth or
so.
or we can see participation rope
coming back.
and we would be seeing that if
we didn't lose a percent and
three quarters to a fiscal
policy this year.
>> and that's how much you think
we're going to lose?
>> that's how much we'll lose if
they keep the sequester going
through september.
it looks like right now they're
not willing to compromise enough
on it.
that's unfortunate.
you saw some movement in this
direction...